Utah

The University of Utah won a Standard & Poor’s upgrade to AA-plus en route to the bond market with $76 million of bonds.

The success of a $4.6 million social impact bond in Utah shows that the relatively new form of financing solutions to social problems can work, according to Goldman Sachs and other stakeholders.

Utah Gov. Gary Herbert has become chair of the National Governors Association for 2015-2016 and has unveiled an initiative to highlight governors' innovative solutions to crucial programs.

With its triple-A ratings solidly intact, Utah claimed $16 million of interest savings on two issues worth $220 million that priced competitively last month, officials said.

With a lawsuit between its two ski resorts settled, Park City, Utah, has earned a Standard & Poor’s upgrade on its sales-tax revenue bonds to AA-minus from A-plus.

A Wasatch County, Utah, district that defaulted on $41 million of bonds for a wastewater treatment plant is accused of deliberate deception in a report from the state Auditor’s Office.

Standard & Poor's converted its positive outlook on Utah Transit Authority to a one-notch upgrade to A-Plus on April 17, citing the authority's improved coverage ratios after a January refunding.

Utah Gov. Gary Herbert called for negotiations on a plan to expand Medicaid that would be approved in a special session of the state Legislature.

On the final day of the legislative session, Utah lawmakers passed a bill that raises the state fuel tax for the first time since 1997.

Utah Sen. Kevin Van Tassel's bill to increase Utah fuel taxes by 10 cents per gallon is gathering support and clearing legislative hurdles as the Beehive State seeks to keep up with transportation needs.

Squeezing institutional and retail pricing into one day because of an approaching blizzard, the Utah Transit Authority captured record savings on the largest deal in its history.

The Republican-controlled Utah Legislature is considering an increase in the gasoline tax to close an $11.3 billion funding gap for transportation through 2040.

Utah Transit Authority is pricing the largest deal in its history with $831.6 million of bonds designed to smooth debt service through the end of this decade.

Utah should have $14 billion to apply to its fiscal year 2016 budget, according to Gov. Gary Herbert. That represents a 5.3% increase from the current spending plan.

Utah Associated Municipal Power Systems and its partners hope to blaze a trail toward a carbon-free future through small modular nuclear reactors designed to overcome the problems of large nuclear plants.

A proposed $2 billion rail transport system to northeastern Utah's Uinta Basin oil producing region is shelved as the estimated cost more than doubled to $5 billion, state officials said.

A $20.8 million green bond issue will allow Utah Associated Municipal Power Systems to recycle waste heat from gas pipeline compressors as a power source for its utility partners.

Uintah County School District earns a Moody's Investors Service upgrade to Aa3 from A1 despite signs of volatility in northeastern Utah's energy-based economy.

Utah voters approved $139 million of bonds and rejected $12.7 million in the Nov. 4 election. Voters also approved five sales-tax increases and rejected two.

Moody's Investors Service sees a positive credit factor for Park City, Utah, after the sale of a resort resolves legal issues that once threatened to cancel the upcoming ski season.